Bill Text | History of Actions | Background | Title |
Description: Sales tax; reduce on the factory built components of modular homes, panelized homes and precut homes.
Bill Text: [Introduced]
1 | 10/05 (H) Referred To Ways and Means | |
2 | 10/05 (H) Died In Committee |
Effective date | Passage | |
Disposition | Dead | |
Deadline | None | |
Revenue | No | |
Vote type required | Three/Fifths |
House Committee:
Principal Author: Fleming
Code Section: A 027-0065-0017
Title: AN ACT TO AMEND SECTION 27-65-17, MISSISSIPPI CODE OF 1972, TO REDUCE THE SALES TAX ON THE FACTORY BUILT COMPONENTS OF MODULAR HOMES, PANELIZED HOMES AND PRECUT HOMES; TO PROVIDE THAT SALES BY THE MISSISSIPPI PRISON INDUSTRIES CORPORATION OF MODULAR HOMES CONSTRUCTED BY SUCH CORPORATION SHALL BE TAXED AT THE RATE OF THREE PERCENT; TO REQUIRE SELLERS OF MODULAR HOMES, PANELIZED HOMES AND PRECUT HOMES TO DISCLOSE TO THE BUYERS OF SUCH HOMES THE AMOUNT OF SALES TAX OR USE TAX PAID ON THE FACTORY BUILT COMPONENTS OF SUCH HOMES; TO PROVIDE THAT THE STATE TAX COMMISSION SHALL PRESCRIBE BY REGULATION THE MANNER IN WHICH SUCH DISCLOSURE SHALL BE MADE; AND FOR RELATED PURPOSES.
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